A bill to amend the Internal Revenue Code of 1986 to extend the taxable income limit on percentage depletion for oil and natural gas produced from marginal properties.
About This Bill
Introduced
Latest Action · October 24, 2007
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 440.
Amends the Internal Revenue Code to extend through 2009 the suspension of the taxable income limitation on percentage depletion for oil and natural gas produced from marginal properties.
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